LONDON, Jun. 4 (Korea Bizwire) — Leading global payments provider, Paysafe, today announces the global launch of its latest alternative payment solution – ‘Paysafecash’. The pioneering and ultra-safe online cash payment option has been designed to cater for the sizeable number of online shoppers around the world who still prefer to pay by cash. Recent [...]
SEOUL, Mar. 12 (Korea Bizwire) — Smart contracts based on blockchain technology can effectively prevent delays in payments for delivered goods and make it impossible to unilaterally alter original contracts, a local think tank said Sunday. The report by Korea Small Business Institute (KOSBI) said blockchains can open new horizons for how small and medium [...]
AMSTERDAM, The Netherlands, Sept. 14 (Korea Bizwire) — Acapture, a global, data-driven omnichannel PSP, has launched SlicePay, an easy-to-integrate product designed to reduce the burden of payouts to multiple parties in various countries and currencies. By adding SlicePay to its portfolio, Acapture now offers a BaFin validated, PSD2-compliant solution to its international clientele. It supports [...]
SEOUL, Jan. 5 (Korea Bizwire) – The Financial Supervisory Commission announced Thursday that it will introduce a new biometric payment method that will use the veins on the palm of the hand for identification. According to officials, consumers will be able to make payments by simply having their palm scanned at offline outlets without the [...]
SEOUL, Dec. 21 (Korea Bizwire) – South Koreans’ use of credit cards jumped last year from a year earlier, central bank data said Wednesday, in the latest sign that a growing number of people favor credit cards over cash for transactions. A survey of 2,500 adults by the Bank of Korea showed that credit cards [...]
SEOUL, Jan. 27 (Korea Bizwire) – Koreans make more than half of their payments by credit cards in terms of volume, almost twice as much as Americans. According to a Bank of Korea report entitled “Koreans’ Usage of Payment Means in 2014 and Their Implications” analyzing payment usage in terms of volume by interviewing 2,500 adults [...]
SEOUL, Sep. 20 (Korea Bizwire) – Aladin, an online bookstore in Korea, launched a new type of e-commerce payment service for its website on September 17. Even though the book seller on the Internet has already attempted to introduce the new system in 2009 and again in 2013, it failed to do so since domestic [...]
DUBLIN, IRELAND, Jul 1, 2014 (Korea Bizwire) Research and Markets (http://goo.gl/evs1z6) has announced the addition of the “Commercial Payment Cards: The U.S. and Global Markets and Trends, 8th Edition” report to their offering. While U.S. consumer credit card spending may still be pressured, commercial card purchase volume is moving full steam ahead. According to Commercial Payment [...]
SEOUL, May 31 (Korea Bizwire) – Korea’s No. 1 mobile messenger KakaoTalk will start its own mobile wallet service by which the users can make wire transfers and transactions in the second half of 2014. On May 29, according to financial industry sources, Kakao Inc. will start servicing “Bank Wallet Kakao” which is an electronic [...]
SEOUL, May 16 (Korea Bizwire) – The average number of credit cards per person has fallen below four last year in Korea. The number is likely to decrease this year as debit cards are gaining popularity and people tend to avoid using credit cards even more due to a series of data security breaches. On [...]